Texas State AutoTitle Loan Regulation
States that permit car-title lending as of December 2012
State:
Status: Citation: Max Loan: Cost Limits: NSF/Fees: Term Limits: Cost $500: Sale/LeaseBack?: Repo Terms: Right to Cure: Surplus/Deficiency: Prohibited Practices: Title Required: |
Texas
Permit Tex Fin. Code tit. 5 §§ 393.001-393.628; Tex. Admin. Code tit. 7 §§ 83.1001-83.6008; /Ch. 302, Texas Finance Code; Title 1 Texas Business and Commerce Code No cap 10% interest cap; no fee limit Contracts for credit services cannot exceed 180 days No cap. Ave. based on regulator data: 114.11 or 277% APR Yes |